VOL. XXXII
NO. 25
27-MARCH-1989
Financial and Banking News
REGIONAL BANKING
Kuwait Asia Bank Shows Recovery
Kuwait Asia Bank (KAB), the Bahrain-based offshore bank which was hit bysevere losses in 1987 leading to a major management shake-up last year, hasreported profits of $6.6mn and a sharp reduction in the size of its loanportfolio as part of its strategy to transform itself from a commercial bankinto an investment bank. KAB has branches in Australia and Singapore, where thebank's prinicipal...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!